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Toyota acquires Lyft's self-driving unit for US$500 million Toggle share menu Advertisement Japan Toyota Lyft Share this content Bookmark TOKYO: Toyota Motor Corp has acquired the self-driving division of American ride-hailing company Lyft for US$500 million, in a move that underlines the Japanese automaker’s ambitions in that technology. The acquisition, announced Tuesday (Apr 27), was carried out by Woven Planet Holdings, a Toyota subsidiary that began business in January and focuses on innovations and investment in projects such as “smart cities", roboti...

TOKYO —  Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $500 million, in a move that underlines the Japanese automaker’s ambitions in that technology. The acquisition, announced Tuesday, was carried out by Woven Planet Holdings, a Toyota subsidiary that began business in January and focuses on innovations and investment in projects such as “smart cities,” robotics and automated driving. The Woven Planet project will bring together engineers and researchers in mobility services, as well as the software and sensor assets and automa...

Toyota to buy self-driving division of U.S. ride-hailing firm Lyft Sorry, but your browser needs Javascript to use this site. If you're not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ A sign for Lyft's ride-hailing service is displayed at Los Angeles International Airport. | REUTERS Kyodo, Bloomberg Apr 27, 2021 Toyota Motor Corp. said Tuesday it had agreed with ride-hailing firm Lyft Inc. to acquire the U.S. firm’s self-driving division for $550 million, aiming to accelerate its development of autonomous driving technologies. The pu...

Toyota acquires Lyft's self-driving unit for $500 million The acquisition was carried out by Woven Planet Holdings, a Toyota subsidiary that began business in January and focuses on innovations and investment. Author: YURI KAGEYAMA AP Business Writer Published: 4:23 AM EDT April 27, 2021 Updated: 4:23 AM EDT April 27, 2021 TOKYO, Japan — Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $500 million, in a move that underlines the Japanese automaker’s ambitions in that technology. The acquisi...

April 27, 2021 Share Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $550 million, in a move that highlights the Japanese automaker’s ambitions in that technology. The acquisition, announced Tuesday, was carried out by Woven Planet Holdings, a Toyota subsidiary that began business in January and focuses on innovations and investment in projects such as “smart cities,” robotics and automated driving. Of the payment, $200 million will be paid upfront, and $350 million over a five-year period, according to Toyota. The Woven Planet...